Word: corn
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Dates: during 1950-1959
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Even those who accepted the President's explanation were pained at learning that he lent money to Mario Bolanos. Bolanos had reportedly made a lot of money out of the severe corn shortage caused by Central America's spring drought. Back in January, it appeared, Insider Bolanos found out that the government, worried about drought forecasts, planned to lift import duties on corn, Guatemala's basic foodstuff. With a Mexican and two Guatemalans as partners, he set up Comercial Guatemalteca to import corn from Mexico. What with import duties suspended and corn retailing for as much...
...fortnight ago a court issued a warrant for Bolanos' arrest on a charge that Comercial Guatemalteca had failed to live up to its contract to deliver 5,000 metric tons of corn to a government agency (apparently it was more profitable to sell available corn to private dealers). But last week the warrant had not been served, Bolanos was at liberty, and Comercial Guatemalteca was still in business. The government even granted the firm a license to import 4,000 metric tons of frijoles (black beans), now selling at scarcity prices in Guatemala, and 100,000 sacks of cement...
This week, at the age of 100, Michigan State University at East Lansing was still operating at full tide. As part of its year-long birthday celebration, it assembled a giant farm-machinery exposition of some $30 million worth of equipment. There were corn pickers and cotton pickers, weeders, tractors, and combines of every type. By week's end, 250,000 people, including the touring Soviet farmers, are expected to have seen the show. But more impressive than the machinery on display was Michigan State itself...
...M.S.U. While Ann Arbor attracted such scholars as Philosopher John Dewey and Historian Andrew D. White, later president of Cornell, East Lansing's foremost teachers were men who spent as much time helping farmers as lecturing to students. William J. Beal unlocked some of the secrets of hybrid corn; Liberty Hyde Bailey began the career that was to make him one of the foremost U.S. horticulturists. Entomologist Albert Cook developed a kerosene emulsion that became a standard insecticide for Michigan fruit...
...Department of Agriculture issued a new, granary-bulging forecast of crop prospects for 1955: the harvest for all crops this year is expected to be 6% above last year's and to equal, if not exceed, the record yield of 1948. Bumper production is anticipated in corn (17% over 1954, and the second-largest crop in history), oats (8% higher than 1954), sorghum grains (up 30%), hay (up 5%), soybeans (up 23%), cotton (30% above the average yield), wheat (5% above the latest forecast) and peanuts (50% above last year...